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The Due Date has been increased! Thanks 1. Review the information in the Statement of Net Assets (page 11) and answer the following questions: a. What assets are included in Governmental Activities Depreciable Capital Assets? What is the capitalization threshold (policy)? Provide a breakdown of the 2009 change in accumulated depreciation by type of asset and amount. (6 points) b. What are the restrictions placed on the Business-Type Activities Restricted Assets? Identify the purposes (restrictions) and amounts. (4 points) c. What is the breakdown of Governmental Activities Non-current Liabilities (including amounts due within one year & due in more than one year) by type of obligation and amount? Provide a list of obligations and amounts totaling $32,252,113. (4 points) d. What percentage of Governmental Activities Net Assets are unrestricted? What percentage of Business Activities Net Assets are unrestricted? What can you learn from these percentages? (6 points) 2. Review the information in the Statement of Activities (page 12) and answer the following questions: a. Based on Net Expense, which three Governmental Activities had the highest net expenses? Identify the activities and the amounts. (6 points) b. Which Business-type Activities had Net Revenues (i.e., Program Revenues higher than Expenses)? Identify the activities and the amounts. (3 points) c. What were the four largest General Revenues for Governmental Activities? Identify the revenue items and the amounts. (4 points) d. What was the amount of the Change in Net Assets for Business-Type Activities? (1 point) 3. Review the information reported in the Governmental Funds Balance Sheet (page 14) and answer the following questions: a. What are the names of the major government funds? (4 points) b. Describe the transactions that are accounted for in each of the major governmental funds. (8 points) c. A significant portion of Total Fund Balance for the General Fund is reserved. Identify the purposes for which the General Fund fund balance is reserved and the amounts that are reserved for each purpose. (6 points) d. The total fund balance for Other Governmental Funds is $1,892,231. Identify the names of the funds that are combined into the Other Governmental Funds column and list the total fund balance for each of these funds. Make sure you tie back to the total fund balance of $1,892,231. Hint: You will need information that is reported combining schedules. See the Table of Contents to locate those schedules. There are many nonmajor funds, and you will have to look carefully to find all of them. (9 points)

Paper#7970 | Written in 18-Jul-2015

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